Bank of Washington is headquartered in WASHINGTON and is the 29th largest bank in the state of Missouri. It is also the 935th largest bank in the nation. It was established in 1877 and as of June of 2023, it had grown to 116 employees at 6 locations. Bank of Washington's money market rates are 82% higher than the national average, and it has a B+ health rating.
Bank of Washington wasn't a terrible bank to bank with while we lived in Washington. Nothing special either, but no big complaints.
BUT WHEN WE WERE TRYING TO LEAVE the Bank of Washington, HOLY COW! "Christa" laughed at my frustation of being charged for an account we thought had previously closed. Charged me quadtruple what my fees were and didn't inform me of anything until MONTHS after we closed our account. Shame on you Bank of Washington.
Basically, I've had two major issues with this home town bank. The first time I was a victim of identity theft and my bank provided poor customer service, didn't cancel my debit card when it was reported, left it to me to try to recover the funds, and told me they would only work with police with a court order. The second time I was on vacation, only to discover that to limit identity theft, they only allow you to use your debit card in the state of Missouri (or a select others), or out of state, with a pin. (In other words, no credit transactions.) Now, I realized it was at a few other states that this bizarre practice was going on, just not quite the extent. When I called, again I was on the receiving end of poor customer service. What made me all the more bitter about the second experience was the first, knowing that they really weren't going to help people out until they were absolutely forced.
Overall | |
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FDIC Certificate # | 12627 |
Year Established | 1877 |
Employees | 116 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 2.24% |
Return on Equity - YTD | 19.73% |
Annual Interest Income | $32.2MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $1.07B$896.8MM |
Loans | Q2 2023vs Q2 2022 | $930.5MM$764.7MM |
Deposits | Q2 2023vs Q2 2022 | $813.0MM$761.0MM |
Equity Capital | Q2 2023vs Q2 2022 | $121.5MM$107.0MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $15.8MM$15.7MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $18.6MM$17.0MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $12.7MM$14.9MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $10k* | - | Health Savings Account | ||
OTHER TIERS: 0.35% → Up to $2.5k | 0.45% → $2.5k - $10k | |||||
0.25% | - | - | Personal Savings | ||
0.25% | - | - | Christmas Club Account | ||
0.25% | - | - | Business Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.85% | - | - | Prosper Checking | |
0.10% | - | - | Thrive Checking |
Bank of Washington Locations | ||
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Schnucks Super Center Branch | 2073-A Washington Crossing | Washington, MO 63090 |
East Fifth Street Branch | 2629 East Fifth Street | Washington, MO 63090 |
Gray Summit Branch | 2687 Highway 100 | Gray Summit, MO 63039 |
Villa Ridge Branch | 3333 Hwy 100 | Villa Ridge, MO 63089 |
Detached Facility | Fourteenth and Jefferson Streets | Washington, MO 63090 |
Bank Of Washington | 200 W Main St | Washington, MO 63090 |